Word: saudi
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Dates: during 1950-1959
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...million), is selling room units 32% ahead of last year, and Fedders Corp., biggest seller of room units (fiscal 1958: $53.9 million), is running 10% ahead in shipments. In March alone, Westinghouse, which has air-conditioned everything from President Eisenhower's Gettysburg farmhouse to King Saud's Saudi Arabian harem, topped last year's shipment rate by 47%. Borg-Warner's York Division, which normally shuts its window-unit assembly lines by June 30., scheduled production well into July...
...seminars in drilling techniques-but their real interest was oil politics. The Arabs were out for more money and more control over their oil (the Middle East has two-thirds of the world's supply). In the Cairo hotel lobbies, the man everyone wanted to see was a Saudi Arabian with a bright, quick smile, and a profile as sharp as a scimitar...
Native's Return. Abdullah Tariki, chief of the Saudi office of Petroleum and Mineral Affairs, is the unquestioned spokesman of the new generation of ambitious Arab experts in oil. "Absolutely incorruptible," say U.S. oilmen, who quiver at some of Tariki's ideas. "The only Arab who knows anything about the oil business...
...simply could not sell it. Instead, Tariki wants to develop "integrated" operations down to the distant gas pump, with the Arabs taking a share in producing, transporting and marketing the oil. Aramco is willing to give him more money in future concessions but no part in company operations outside Saudi Arabia. Last week the talk of Cairo was about a Tariki plan for an Arab-owned tanker fleet and a new Arab-owned pipeline from the Persian Gulf across Syria to the Mediterranean...
...Bulgarians re-examined the Kostov case, exonerated Kostov himself-years after he had been executed. The U.S. ever since has been bombarded by the Bulgars with pleas for renewing relations, but the U.S. State Department insisted that Bulgaria drop all charges against Heath (now Ambassador to Saudi Arabia). Bulgaria finally and formally did just that-whereupon the U.S. last week let the Bulgars reopen their mission in Washington, made plans to return to the U.S. legation in Sofia...